class-war

The Illusion of a Republican Anti-Poverty Platform

Hamilton Nolan · 01/13/14 01:15PM

It is a bizarre mark of progress that America's level of economic inequality has become so chronic and severe that even the Republican party realizes it must present some sort of proposal to address the economic underclass. It's like watching a gaggle of nuns plot out a sex-education curriculum.

Bring Back the WPA

Hamilton Nolan · 01/07/14 11:32AM

The 50th anniversary of Lyndon Johnson's "War on Poverty" has prompted a bout of national soul-searching about how much progress we've really made. If we're actually interested in helping the poor, we should look even farther back in history, and resurrect the WPA.

Remember the Lower Middle Class?

Hamilton Nolan · 12/04/13 12:36PM

The very rich have their politicians, and the very poor have their advocates. Will someone speak for the lower middle class? How retro!

Hamilton Nolan · 11/25/13 09:13AM

Voters in Switzerland this weekend rejected a proposal to limit CEO pay to 12 times that of the lowest-paid worker. An insane idea? "In Germany nearly three quarters would support such pay curbs, according to a poll."

Switzerland's Ideals Put America to Shame

Hamilton Nolan · 11/15/13 11:35AM

In America, the average CEO is paid more than 230 times an average worker's salary. In Switzerland, CEOs are paid 43 times more than the average worker. That figure is so shocking to the Swiss that they want to radically rein it in.

No, Populism Will Not Bankrupt Itself

Hamilton Nolan · 11/11/13 02:44PM

In Slate today, Matt Yglesias argues that anti-Wall Street populism is counterproductive, because it will cut Wall Street's profits, leaving less tax revenue for the populist government, thereby hurting the populist cause. It's worth pointing out briefly that this is incorrect.

A Lifestyle Is Not a Job

Hamilton Nolan · 10/28/13 10:36AM

If you are lucky enough to have financial means and plenty of leisure time and a lack of more pressing responsibilities, you may be able to focus all of your energies on designing your "lifestyle" to your own utmost satisfaction. Congratulations on your good fortune. This does not qualify as a "job."

Five Ideas For the Next Century of Taxes

Hamilton Nolan · 10/02/13 12:52PM

Tomorrow is the 100th anniversary of the federal income tax. Thank you, federal income tax, for all the things you have bought this country, except the wars! On this auspicious anniversary, here are five tax ideas to make the next 100 years even better.

Let Pensions Die. Build Something Better

Hamilton Nolan · 09/26/13 03:58PM

The American way of retirement is crumbling. Private pensions are disappearing. Public pensions are crumbling. Instead of clawing and fighting to save them as they slip away, populists and progressives should just let them die. No one needs pensions. Everyone needs a pension.

What's an Acceptable Ratio of CEO Pay to Worker Pay?

Hamilton Nolan · 09/18/13 01:48PM

As of 2011, the average CEO was paid 230 times the salary of an average worker at his company. Today, the SEC proposed a rule to require companies to report that ratio every year. What should it be? A modest proposal: 100-1.

Let's Have a Class War!

Hamilton Nolan · 09/11/13 02:11PM

Though the possibility of a runoff remains, it looks very likely that the New York City mayoral race will pit Bill de Blasio, a progressive, tax-the-rich liberal, against Joe Lhota, a Republican seen as the "last, best hope for salvaging the business-friendly government of the Bloomberg era." Are you ready for a real live class war? Now, we get one.